Sony Innovation Fund has invested in UK-based quantum computing company Quantum Motion, joining a funding round that raised over £42 million. Founded by Professor John Morton of University College London and Professor Simon Benjamin of Oxford University, Quantum Motion aims to develop scalable quantum computers using silicon chips. The company has raised over £62 million in equity and grant funding, with investors including Bosch Ventures, Porsche Automobil Holding SE, and British Patient Capital.
Sony Innovation Fund Invests in Quantum Motion
Sony Innovation Fund has joined the second close of Quantum Motion’s funding round, which raised over £42 million from leading quantum and technology investors. The UK-based quantum computing scale-up was founded by Professor John Morton of University College London and Professor Simon Benjamin of Oxford University. Quantum Motion has raised over £62 million in equity and grant funding to date.
Sony Innovation Fund brings value to Quantum Motion through its technical expertise in CMOS semiconductor design and manufacturing and its global reach, particularly in the Japanese market. This investment will help Quantum Motion further its vision of developing scalable quantum computers using silicon chips.
Quantum Motion’s Achievements and Potential
Over the last two years, Quantum Motion has achieved a series of peer-reviewed and record-breaking milestones demonstrating silicon’s potential as the fastest, most cost-effective, and scalable way to produce the millions of qubits needed for fully-functional, fault-tolerant quantum computers. The company has designed and validated integrated circuits capable of generating, routing, and processing signals at deep cryogenic temperatures, operating to a few tenths of a degree above absolute zero.
Recent demonstrations, such as mass characterising thousands of multiplexed quantum dots fabricated in a tier-one foundry, have further underlined the company’s advantage. Quantum Motion is developing fault-tolerant quantum computing architectures compatible with CMOS processes, targeting solutions to currently intractable problems in chemistry, materials science, medicine, and artificial intelligence.
Quantum Computing’s Transformational Potential
Antonio Avitabile, Managing Director-EU of Sony Ventures Corporation, said that quantum computing has the potential to be transformational with wide-ranging applications. As their first investment in the quantum technologies space, Quantum Motion is already demonstrating tremendous advancement and leadership, and Sony is excited to help fuel their next growth stage.
James Palles-Dimmock, CEO of Quantum Motion, expressed delight at having Sony Innovation Fund as an investor and gaining access to its global network of resources, technical expertise, and industry insights. Their support, alongside existing investors, will help Quantum Motion scale the development of silicon-based quantum computers.
About Quantum Motion
Quantum Motion is developing a revolutionary technology platform based on the ubiquitous silicon technology already used to manufacture chips in smartphones and computers. The company employs 40 people, comprising specialists in quantum theory, engineering, and software.
Antonio Avitabile, Managing Director-EU, Sony Ventures Corporation, said, “We are actively exploring investments in technologies that will be transformational with wide ranging applications. Quantum computing has the potential to have that impact, and we want to work with the companies that are best positioned to bring it to a commercial scale. As our first investment in the quantum technologies space, Quantum Motion is already demonstrating tremendous advancement and leadership, and we are excited to help fuel their next stage of growth.”
James Palles-Dimmock, CEO of Quantum Motion, said, “We’re delighted to have Sony Innovation Fund on board as an investor and to have access to its global network of resources, technical expertise, and industry insights. Alongside our existing investors, their support is going to help us scale the development of silicon-based quantum computers.”
Executive Summary
Sony Innovation Fund has invested in UK-based quantum computing scale-up Quantum Motion, which has raised over £62 million to develop scalable quantum computers using silicon chips. Quantum Motion’s technology aims to harness the existing capabilities of the CMOS industry to create cost-effective, fault-tolerant quantum computers with wide-ranging applications in fields such as chemistry, materials science, medicine, and artificial intelligence.
- Sony Innovation Fund invests in UK-based quantum computing scale-up Quantum Motion, founded by Professor John Morton (UCL) and Professor Simon Benjamin (Oxford University).
- Quantum Motion has raised over £62 million in equity and grant funding, with investors including Bosch Ventures, Porsche SE, British Patient Capital, Oxford Science Enterprises, Inkef, Parkwalk Advisors, Octopus Ventures, IP Group, and NSSIF.
- The company focuses on developing scalable quantum computers using silicon chips, leveraging the CMOS semiconductor industry’s knowledge, scalability, and cost capabilities.
- Quantum Motion has achieved record-breaking milestones in designing and validating integrated circuits capable of operating at deep cryogenic temperatures, a few tenths of a degree above absolute zero.
- Antonio Avitabile, Managing Director-EU, Sony Ventures Corporation, highlights Quantum Motion’s advancements and leadership in the quantum technologies space.
- James Palles-Dimmock, CEO of Quantum Motion, expresses excitement about having Sony Innovation Fund as an investor and gaining access to its global network, technical expertise, and industry insights.
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